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Expectations on Technology Spending, New Adoption, and Staffing

Technology investment remains strong in wealth management, with 78% of firms maintaining or increasing tech budgets in 2026. Most (57%) expect modest increases, while 16% anticipate substantial growth. Spending patterns show stability: 59% allocate 5-14% of revenue to technology, with Innovators averaging 14%, Operators 12%, and Laggards 9%. Adoption plans are robust—91% intend to implement new technology within a year, up from 88%. Priorities include client attraction tools, digital workflow automation, and cybersecurity (each ~33%). Compliance technology saw notable growth, rising to 22% from 13%, likely reflecting AI-powered automation tools. Staffing remains stable: 38% operate without dedicated tech staff.

Percent of Revenue Firm Will Spend on Technology

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